Terms Used In Vermont Statutes > Title 11C > Chapter 3 - Formation and Initial Articles of Organization of Mutual Benefit Enterprise

• Articles of organization: means the articles of organization of a mutual benefit enterprise required by section 302 of this title. See
• Board of directors: means the board of directors of a mutual benefit enterprise. See
• Bylaws: means the bylaws of a mutual benefit enterprise. See
• Contract: A legal written agreement that becomes binding when signed.
• Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
• Designated office: means the office that a mutual benefit enterprise or a foreign enterprise is required to designate and maintain under subdivision 117(a)(1) of this title. See
• Director: means a director of a mutual benefit enterprise. See
• Member: means a person that is admitted as a patron member or investor member or both in a mutual benefit enterprise. See
• Mutual benefit enterprise: means an enterprise organized under this title. See
• Organizer: means an individual who signs the initial articles of organization. See
• Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
• Personal property: All property that is not real property.
• Principal office: means the principal executive office of a mutual benefit enterprise or foreign enterprise, whether or not in this State. See
• Service of process: The service of writs or summonses to the appropriate party.
• State: means a state of the United States, District of Columbia, Puerto Rico, the U. See
• Trustee: A person or institution holding and administering property in trust.
• Voting power: means the total current power of members to vote on a particular matter for which a vote may or is to be taken. See